The Big Short On CHFJPY

Hey Traders,

As the price of CHFJPY rallies and rallies many traders have become curious about where it will go next.

This provides a classic trading lesson which cannot be ignored (much like we saw on USDJPY when it got slammed).

Make sure you do not go crazy and sell everything you have. Just scale in to the short side with DCA incase of further highs.

Watch, take notes and ask Qs.

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Minor early gains taken after the short fall earlier.

Re shorts now applicable

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Slight news influx today. Any rash fall will be followed by exits and re shorts.

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Exit again for gains. Looking to short as we fall.

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Exit shorts at current support

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Larger PB needed nearer 1.54+

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Exit again on re short gains.

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Several exits taken looking for larger fall.

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By now you should be out of shorts and in bundles of gains.

It is too late to enter now, you need a rise nearer 1538-9

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Re short now.

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Slammed down again for further gains.

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Exit ALL shorts.

larger repush higher required for RE entries in the market.

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again, larger re push needed for re shorts.

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Re shorting highs.

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Straight out for gains again.

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Re shorts circa 1539

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Re short now

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Re adding to shorts spread out on new highs. Do not overleverage and do not bunch. Your job is now to create a varied high price anticipating a fall.

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Looking for larger falls into this week. Hedging initiated if price raises viciously high. DCA positions spread into new highs.

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If you intend to take this trade going into next week..

Remember you are not selling your house to take a short position.

No trade is a 100% Instant fall to where you want. Sometimes it involves plans and work.

No matter how great a trade looks, it can always go further against you.

That being said our bias remains short and we will work with the trade in our broker accounts as the market rises further.

Keep size small.

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out of any newer shorts Looking to re short higher again on RE push as forming now.

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Price teetering due to lack of sentiment.

That is when you decide... IN or out?

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Re short again.

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Boom. Out for gains on open time.

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Re shorts coming again on pushes up to resistance (check lower TFS)

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out of shorts. Any further shorts at RE hit highs.

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Exit any shorts held.

Looking for sharp re pushes to trade new forming downtrend.

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Hold off any hedge longs also, drop needs to be far further to comfortable support.

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CHFJPY getting wasted again and hopefully you are out for gains.

Remember you must Anticipate moves before they happen. Things just cannot rise and rise forever. They have to come back.

Stay posted for more.

Comment:

Smashed further and further.

Harsh re pushes available for shorts,

Today can change FAST. Be around at all times.

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Re short nearer 154.3

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CHFJPY slammed even further. Any longs must be LIGHT.

Keep an eye on news as we get closer.